I've encouraged them to contact a 1031 specialist, but this question has me curious so I wanted to bring it to this forum for consultation as well.

If you're just thinking....well maybe some day...sell it.   

The weakest was in the Southeast (39) and Southwest (34).Mortgage MarketAverage 30-year mortgage rates have ranged between 7.00–7.15% for the last few weeks.

Please disregard my last msg.

Getting your license, or learning another industry within RE — mortgages, insurance, property management, etc — will help you build a career and connections, as well.

I have been a "TITANIUM CLIENT" for 5+ years (their highest level tier of service), and it has been an absolute NIGHTMARE for the last year or so.

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!

I work full-time as a CPA audit manager at a Big 4 public accounting firm, and in my free time I would love to help and learn from an experienced investor with strategies similar to what I’m interested in (appreciation, single family (potential multi family), mid-term rental (potential short-term)).Open to any advice as well on how to make my first leap into actual investing!

My W2 job was going well for the past few years, but recently have been large gaps in steady work.

And while there are good guests/tenants at all price points, the averages tend to be that lower price = harder on property.If good area, the price implies major renovations, in which case, I would think you are looking at well over $100k rehab.